Non-Binding to Binding Price Floor - Principles of Microeconomics - Mankiw Chapter 6
Adam Jones
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Non-Binding to Binding Price Floor - Principles of Microeconomics - Mankiw Chapter 6
431 просмотр · 2 г. назад
Adam Jones
174 подписчика
431 просмотр · 2 г. назад
Suppose the government puts in a minimum price, a price floor, that is half the market price. The floor wouldn't matter, it would be non-binding. But what might make it binding?